Tesla may rise to 290.10 - 303.20

Our pivot point stands at 227.7.

Our preference

As long as 227.7 is support look for 290.1.

Alternative scenario

The downside breakout of 227.7 would call for 206.4 and 193.7.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 241.503 and 224.116).

Supports and resistances

316.2 **

303.2 *

290.1 **

277.1

250.08 (USD-last)

236.3

227.7 **

206.4 *

193.7 **

Number of asterisks represents the strength of support and resistance levels.